Goldman Sachs BDC is a finance company focused on lending to middle-market companies. Co. is a closed-end management investment company. Co.'s investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, unitranche, including last-out portions of such loans, and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments. Co. invests in United States middle-market companies. However, Co. may from time to time invest in larger or smaller companies. In various cases, Co. is the sole investor in the loan or security in its portfolio. We show 1 historical shares outstanding datapoints in our GSBD shares outstanding history coverage, used to compute GSBD market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing GSBD market cap history over the course of time is important for investors
interested in comparing GSBD's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of GSBD versus a peer is one thing; comparing
GSBD market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like GSBD can fluctuate over the course of history.
With this page we aim to empower investors researching GSBD by allowing them to research the GSBD market cap history. |
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Video: The Importance of Market Cap
